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Cartesian Growth Corporation III
CGCTNASDAQ
Wall Street ScoreUnder review
$14.46USD$-1.09 (-7.01%)
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Cartesian Growth Corporation III (CGC III) operates as a special purpose acquisition company (SPAC), having been established in 2024 as an exempted entity under Cayman Islands law. Its core mission is to achieve a significant business combination, which may take the form of a merger, share exchange, asset purchase, stock acquisition, corporate reorganization, or similar strategic transaction with one or more existing enterprises or organizations.
How they make money
Cartesian Growth Corporation III is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It does not have significant operations and generates no revenue from business activities, relying instead on capital raised through its initial public offering and private placements held in a trust account to fund a future business combination.
Products & services
The company provides no commercial products or services; its sole activity is the pursuit of a business combination with an operating company.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer categories were not separately identified in the reviewed source set.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Access to capital held in trust for potential business combinationsSource
Risks
Going concern risk due to the lack of significant operations and the need to complete a business combinationSource
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•How long can CGCT fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is CGCT likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for CGCT to reach sustainable profitability?
•What future growth or profitability would be needed to justify CGCT's current valuation?
•What does the current fundamental change risk warning mean for the reliability or interpretation of CGCT's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
0–100 market signals
Calculating current signals…
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on CGCT.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Access to capital held in trust for potential business combinations.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Shell Companies industry.
−Going concern risk due to the lack of significant operations and the need to complete a business combination.
−Diluted weighted-average shares increased 686.5% year over year.
−Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Debt
—
Debt Cost—
Debt Reduction YoY100.0%
Debt / Equity0.00x
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Revenue
—
Revenue YoY—
Revenue CAGR—
Net Margin—
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Asset
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Asset Growth YoY106373.7%
Liquidation/Share$4.67
Net Assets/MCap0.34x
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Capital
—
Earnings Yield-1.2%
Buyback Yield0.0%
Debt Cost—
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Management
—
ROIC5.8%
ROE-5.6%
ROA-3.3%
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Moat
—
EPS Growth—
FCF/Share Growth—
Rev/Share Growth—
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Valuation
—
Intrinsic Value—
Value Reference—
MOS—
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Buffett
—
Revenue—
Moat—
Valuation—
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MOS
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MOS %—
Value Reference—
Deep Discount Reference—
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Financial
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Interest Coverage—
ROIC5.8%
FCF Yield-0.1%
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Master
—
Financial—
Valuation—
Debt—
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Resilience
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Survival Years1.2 yrs
Current Ratio0.89x
FCF Margin—
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailable
Current Price
$14.46
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
Revenue
$0.00
$0.00
$0.00
Cost of Revenue
$0.00
$0.00
$0.00
Gross Profit
$0.00
$0.00
$0.00
Research & Development
$6.6M
$0.00
$0.00
SG&A Expenses
$6.7M
$1.2M
$43K
Operating Expenses
$14.5M
$1.2M
$43K
EBITDA
-$14.5M
-$1.2M
-$43K
Operating Income
-$14.5M
-$1.2M
-$43K
Interest Expense
$0.00
$0.00
$0.00
Income Before Tax
-$4.7M
$6.2M
-$43K
Income Tax Expense
$0.00
$0.00
$0.00
Net Income
-$4.7M
$6.2M
-$43K
Basic EPS
$-0.36
$0.34
$-0.00
Basic Shares
186M
18.20M
34.50M
Diluted Shares
189M
18.20M
34.50M
EarningsShare
Earnings Summary
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$0
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.85
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
Not available
Cash Change
+13539.4%
Margin Change
Not available
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
Potential Score Impact
Positive indicators included cash levels. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
EPS declined 1628.8%. Cash increased 13539.4%.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
$———.——
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10 Years
$———.——
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Conservative Projection Rate
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Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.